2023-01-01 03614819 2023-12-31 03614819 2023-01-01 2023-12-31 03614819 2022-12-31 03614819 2022-01-01 2022-12-31 03614819 uk-core:WithinOneYear 2022-12-31 03614819 uk-core:WithinOneYear 2023-12-31 03614819 uk-core:AfterOneYear 2022-12-31 03614819 uk-core:AfterOneYear 2023-12-31 03614819 uk-core:ShareCapital 2023-12-31 03614819 uk-core:ShareCapital 2022-12-31 03614819 uk-core:SharePremium 2023-12-31 03614819 uk-core:SharePremium 2022-12-31 03614819 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03614819 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03614819 uk-bus:Director1 2023-01-01 2023-12-31 03614819 uk-core:NetGoodwill 2023-01-01 2023-12-31 03614819 uk-core:Buildings 2023-01-01 2023-12-31 03614819 uk-core:PlantMachinery 2023-01-01 2023-12-31 03614819 uk-core:MotorCars 2023-01-01 2023-12-31 03614819 uk-core:Goodwill 2022-12-31 03614819 uk-core:Goodwill 2023-12-31 03614819 uk-core:Goodwill 2023-01-01 2023-12-31 03614819 uk-core:PlantMachinery 2022-12-31 03614819 uk-core:Buildings 2022-12-31 03614819 uk-core:Buildings 2023-12-31 03614819 uk-core:PlantMachinery 2023-12-31 03614819 uk-core:CostValuation 2022-12-31 03614819 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-12-31 03614819 uk-core:DisposalsRepaymentsInvestments 2023-12-31 03614819 uk-core:DisposalsRepaymentsInvestments uk-core:Non-currentFinancialInstruments 2023-12-31 03614819 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-12-31 03614819 uk-core:CostValuation 2023-12-31 03614819 uk-core:Non-currentFinancialInstruments 2023-12-31 03614819 uk-core:Non-currentFinancialInstruments 2022-12-31 03614819 uk-core:WithinOneYear uk-core:Secured 2023-12-31 03614819 uk-core:WithinOneYear uk-core:Secured 2022-12-31 03614819 uk-core:WithinOneYear 2023-12-31 03614819 uk-core:WithinOneYear 2022-12-31 03614819 uk-core:AfterOneYear uk-core:Secured 2023-12-31 03614819 uk-core:AfterOneYear uk-core:Secured 2022-12-31 iso4217:GBP xbrli:pure 03614819 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03614819 uk-bus:FRS102 2023-01-01 2023-12-31 03614819 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 03614819 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Bettesworths Limited
Registered Number:03614819
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Bettesworths Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
03614819
As at 31 December 2023
Bettesworths Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
18,065
19,325
2
Property, plant and equipment
158,366
161,003
3
Financial assets
130,000
80,000
4
256,431
310,328
Current assets
Trade and other receivables
27,284
29,403
5
212,854
Cash and cash equivalents
158,269
187,672
240,138
Trade and other payables: amounts falling due within one
year
(90,958)
(77,152)
6
149,180
110,520
Net current assets
Total assets less current liabilities
366,951
459,508
Trade and other payables: amounts falling due after more
than one year
(90,998)
(79,117)
7
(2,012)
(2,012)
Provisions for liabilities
285,822
Net assets
366,498
Capital and reserves
Called up share capital
625
625
Share premium account
155,625
155,625
Retained earnings
129,572
210,248
285,822
366,498
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
03614819
For the year ended 31 December 2023
Bettesworths Limited
Statement of Financial Position Continued
M Bettesworth Director
These financial statements were approved and authorised for issue by the Board on 01 March 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 December 2023
Bettesworths Limited
Notes to the Financial Statements
Statutory Information
Bettesworths Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03614819.
Registered address:
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of 20 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
20% Straight line
Plant and machinery
25% Straight line
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 31 December 2023
Bettesworths Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
236,005
At 31 December 2023
236,005
Amortisation
At 01 January 2023
216,680
1,260
Charge for year
At 31 December 2023
217,940
Net book value
At 31 December 2023
18,065
At 31 December 2022
19,325
Goodwill is amortised over its useful life of 20 years from their orginal cost date.
3. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 January 2023
314,171
158,463
155,708
At 31 December 2023
155,708
158,463
314,171
Provision for depreciation and impairment
At 01 January 2023
153,168
148,427
4,741
Charge for year
2,637
2,637
-
At 31 December 2023
155,805
151,064
4,741
At 31 December 2023
Net book value
150,967
7,399
158,366
At 31 December 2022
150,967
10,036
161,003
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7
For the year ended 31 December 2023
Bettesworths Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Loans to Group and participating interests
Total
At 01 January 2023
130,000
130,000
Cost
£
£
Disposals/Repayments
(50,000)
(50,000)
At 31 December 2023
80,000
80,000
At 31 December 2023
Net book value
80,000
80,000
At 01 January 2023
130,000
130,000
5. Trade and other receivables
2022
2023
£
£
Trade debtors
26,500
24,592
Other debtors
2,903
2,692
27,284
29,403
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
5,512
4,333
Bank loans and overdraft
5,644
5,133
Trade creditors
8,839
10,400
Taxation and social security
16,053
51,273
Other creditors
41,104
19,819
77,152
90,958
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
33,719
39,785
Bank loans and overdraft (secured)
45,398
51,213
79,117
90,998
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8
For the year ended 31 December 2023
Bettesworths Limited
Notes to the Financial Statements Continued
8. Related party transactions
The company was under the control of the directors during this year.
9. Average number of persons employed
During the year the average number of employees was 10 (2022 : 10)
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